International Assets Investment Management LLC Acquires 97,622 Shares of VanEck AA-BB CLO ETF $CLOB

International Assets Investment Management LLC raised its holdings in shares of VanEck AA-BB CLO ETF (NYSEARCA:CLOB) by 3,614.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 100,323 shares of the company’s stock after buying an additional 97,622 shares during the period. International Assets Investment Management LLC’s holdings in VanEck AA-BB CLO ETF were worth $5,055,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CLOB. Basso Capital Management L.P. bought a new position in VanEck AA-BB CLO ETF in the third quarter worth approximately $1,520,000. Royal Bank of Canada boosted its stake in shares of VanEck AA-BB CLO ETF by 108.2% during the 1st quarter. Royal Bank of Canada now owns 24,996 shares of the company’s stock worth $1,249,000 after acquiring an additional 12,992 shares during the last quarter. Compass Financial Management LLC bought a new stake in shares of VanEck AA-BB CLO ETF during the 2nd quarter valued at $684,000. Ferguson Shapiro LLC grew its position in shares of VanEck AA-BB CLO ETF by 3.7% during the 2nd quarter. Ferguson Shapiro LLC now owns 8,956 shares of the company’s stock valued at $452,000 after acquiring an additional 316 shares during the period. Finally, NewEdge Advisors LLC grew its position in shares of VanEck AA-BB CLO ETF by 2,074.2% during the 1st quarter. NewEdge Advisors LLC now owns 8,697 shares of the company’s stock valued at $435,000 after acquiring an additional 8,297 shares during the period.

VanEck AA-BB CLO ETF Stock Performance

NYSEARCA:CLOB opened at $50.09 on Friday. VanEck AA-BB CLO ETF has a one year low of $49.28 and a one year high of $51.10. The business has a fifty day moving average price of $50.27 and a 200-day moving average price of $50.32.

VanEck AA-BB CLO ETF Profile

The VanEck AA-BB CLO ETF (CLOB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively invests in collateralized loan obligations (CLOs) of any maturity that are rated between AA+ and BB-. While targeting USD-denominated high-quality CLOs, the fund may still hold high-yield bonds in foreign currency. CLOB was launched on Sep 24, 2024 and is issued by VanEck.